What is a Double Bet?
A Double Bet refers to a type of wager that combines two selections in different events. This betting strategy is often employed by punters who want to increase their potential winnings by betting on two outcomes simultaneously.
Both selections must be successful for the bet to win.
It’s a popular choice among seasoned bettors as it offers a higher return compared to single bets, although it also comes with a higher risk.
A Double Bet is essentially a condensed form of accumulator bet, which could include three or more selections.
How are the Winnings Calculated for a Double Bet?
The potential winnings from a Double Bet are calculated by multiplying the stake by the odds of the two selections. For instance, if you place a £10 Double Bet with odds of 2/1 and 3/1 for the two selections, the calculation would be as follows:
First, the £10 stake is multiplied by the first set of odds (2/1), yielding £30. This amount is then used as the stake for the second bet.
The £30 is multiplied by the second set of odds (3/1), which gives a total return of £120. This total includes the initial stake, meaning the actual winnings would be £110.
It’s important to remember that both selections must win for you to receive a payout. If either selection loses, the entire Double Bet is lost.
What is a double bet?
What can I place a double bet on?
The key requirement is simply that you make two selections, and both must win for the bet to pay off. This flexibility makes double bets a popular choice among bettors looking to increase potential returns by combining the odds of multiple selections.
What are the advantages of a double bet?
In a double bet, the winnings from the first bet are automatically used as the stake for the second bet, creating a compounding effect.
This means that if both selections win, the total return can be significantly greater than if the two bets were placed independently, since the return from the first winning selection boosts the stake on the second.
